Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Rating) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $120.89.

A number of research analysts recently issued reports on TMTNF shares. National Bank Financial cut shares of Toromont Industries from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, July 12th. Royal Bank of Canada reduced their price objective on shares of Toromont Industries from C$129.00 to C$122.00 in a research note on Thursday, July 28th. BMO Capital Markets reduced their price objective on shares of Toromont Industries from C$130.00 to C$120.00 in a research note on Thursday, July 28th. Canaccord Genuity Group reduced their price objective on shares of Toromont Industries from C$130.00 to C$117.00 and set a "buy" rating for the company in a research note on Thursday, July 14th. Finally, Scotiabank reduced their price objective on shares of Toromont Industries from C$126.00 to C$120.00 in a research note on Monday, July 25th.

Toromont Industries Price Performance

OTCMKTS:TMTNF opened at $78.79 on Thursday. The company has a 50-day moving average price of $80.36 and a 200-day moving average price of $85.10. Toromont Industries has a 12 month low of $76.15 and a 12 month high of $96.02.

About Toromont Industries

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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